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Loan from banks and other financial institutions like Kenya industry estates(K.I.E) and industrial and commercial Development corporation(I.C.D.C).
Getting items on hire purchase, for example, machinery and vehicles. In this case, goods are acquired and paid for in installments. The ownership is, however, not passed to the partnership until all the installments are paid in full.
Trade credit-A partnership may obtain goods on credit and pay for them at a later date provided that such a partnership is creditworthy. In this case, unlike in hire purchase the ownership of the good passes to buyer immediately after entering the contract.
Ploughing back profit-part of the profit made by a partnership may be used to expand and develop the business instead of sharing it out among the partners.
Leasing and renting:This refers to giving out property to someone else on payment of money for their use. A lease is usually long term, usually monthly.
Mohaissack answered the question on November 11, 2017 at 07:41
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